Results 3,841-3,860 of 5,098 for speaker:Mairéad Farrell

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: I move amendment No. 21: In page 20, between lines 25 and 26, to insert the following: "Report on income tax relief 16. The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on an income tax relief equivalent in value to 8.3 per cent of annual rent to all private rental tenants not already in receipt of any State...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: Is the Vice Chairman suggesting that we come back to the amendment at 7.30 p.m.? That would make sense.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: I can speak for two minutes on rent.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: We need to wait until 6.30 p.m.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: The point the Minister was making was that the refundable tax credit could push up rent prices. I think he was referring to a matter to which I also referred, that is, the remarks of the commission in that regard. To be clear, this would need to coincide with a ban on rent increases for that period. Those two measures would need to go together. It is very important. I have outlined it....

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: I move amendment No. 22: In page 20, between lines 25 and 26, to insert the following: “Report on pension tax reliefs and subsidies 16.The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on the tax reliefs and subsidies applicable to pensions, including contributions and at drawdown, to assess their cost to the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: To be clear, we are not arguing against supporting or incentivising pension contributions. We are just discussing the distribution of the tax expenditure system across the income scale. Having more data so that we could examine the matter in greater detail would be welcome and important for everyone. That is the essence of this amendment. I will only be calling a voice vote.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: If the Minister is saying that the information will be available in the coming months, I will take it that that will be the case. As such, there is no need to press the amendment.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: I will speak to that amendment, if that is okay.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: The Dáil appears to be running ahead of schedule. As the Minister will know, we have long called for the closure of loopholes and reliefs that certain funds, companies and investment vehicles have availed of and exploited to reduce their tax liability. It is also our view that the facilitation of tax avoidance and aggressive tax planning by successive Governments has damaged the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: The amendment relates to climate action and energy security. It calls on the Department to carry out research into the total amount of capital allowances that a company has used against data centre investments to reduce their tax liabilities. This would be interesting. Under current law, companies may claim capital allowances against money invested in data centres to reduce or completely...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: My questions are on the section rather than on the amendments.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: This Bill allows for a broader range of investment funds to invest in eligible start-ups and the intention of the measure is to stimulate new sources of finance for SMEs. My questions relate to where the Bill relaxes rules in respect of the so-called capital redemption windows so that investors with a number of investments in a company over a multiple of years may redeem an investment for a...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: I have some general questions on this section. Can the Minister explain the motivation for this change in the exemption of bona fide non-trading domestic transactions from the scope of transfer pricing and what the objective and operation of the provision is? How does this apply to companies that are using an orphan structure and that might nominally seem to be domestic non-trading entities...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: I am sure that they are wondering the same thing.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: Go raibh maith agat, a Aire.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: I move amendment No. 31: In page 36, between lines 29 and 30, to insert the following: “Report on the tax treatment and economic impact of institutional investment in the housing market 28.The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on the tax treatment and economic impact of institutional investors and...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: To clarify, will we vote on this tomorrow?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: Thank you.